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5810 87th Street

Pending
  • $1,439,900
  • Property Type: Commercial Sale
  • Location: Burbank
  • Description
  • Details
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This meticulously maintained 12-unit apartment building epitomizes the essence of a lucrative investment opportunity. Its present success, while impressive, barely scratches the surface of its true potential. The commitment to excellence is evident in every facet of this property, making it a standout option for discerning investors. The building’s robust income stream is merely a glimpse of what could be achieved with strategic management. Despite its already impressive financial performance, there exists ample room for growth, positioning this asset as an attractive proposition for those looking to maximize their returns. One of the hallmarks of this property is its recent upgrades, which testify to its commitment to modernity and longevity. The newer windows not only enhance aesthetic appeal but also contribute to energy efficiency, creating a more sustainable and cost-effective living environment for tenants. The resealed roof serves as a testament to the owner’s dedication to preserving the building’s structural integrity, ensuring its durability for years to come. The commitment to providing a top-tier living experience extends to the practical aspects as well. The parking area, thoughtfully redone in 2022, ensures convenience and safety for residents and their vehicles. The inclusion of a newer furnace and hot water heater, both of which are high-efficiency models installed in 2020, attests to the property’s readiness to meet modern energy standards while keeping operating costs in check. Furthermore, the strategic location of this building adds another layer of desirability. Situated near shopping centers and expressways, tenants enjoy unparalleled convenience, making it an ideal place to call home. The proximity to key amenities not only enhances the overall tenant experience but also contributes to tenant retention and demand, ultimately bolstering the property’s income potential. In summary, this well-maintained 12-unit apartment building is a remarkable investment opportunity. Its strong income, potential for growth, recent upgrades, efficient systems, and prime location coalesce to create an attractive package that any savvy investor would be wise to consider. This property stands as a testament to the art of real estate investment and management, offering both immediate rewards and a promising future.

View full listing details
Price: $1,439,900
Address:5810 87th Street
City:Burbank
County:Cook
State:Illinois
Zip Code:60459
MLS:11860341
Year Built:1973
actualStatus:Pending
allowedUseCaseGroups:IDX
constructionmaterials:Brick
cooling:Wall Sleeve, Window Unit(s)
electricexpense:1800
fuelexpense:6000
grossincome:136800
grossscheduledincome:136800
insuranceexpense:5088
lotsizedimensions:148X125
maintenanceexpense:2500
mlsareamajor:Burbank / Nottingham Park
mlsstatus:Pending
mrdAag:36-50 Years
mrdB78:yes
mrdBoardnum:10
mrdDry:2
mrdFpr:Fire Extinguisher/s
mrdGrm:8
mrdHvt:Central Bldg Heat,Radiators
mrdIdx:Y
mrdInfo:48-Hr Notice Required,Highly Confidential
mrdJan:1000
mrdMc:Off-Market
mrdRef:12
mrdRng:12
mrdSmi:11400
mrdTmf:Corridor-Interior Entrance
mrdWac:12
mrdWdl:No
mrdWsh:2
netoperatingincome:111352
numberofunitstotal:12
operatingexpense:25448
otherexpense:960
parkingtotal:18
propertyType:Multi Family 5+
purchasecontractdate:2023-10-14T00:00:00+00:00
stories:3
taxannualamount:22364.1
taxyear:2021
tenantpays:Electricity
township:Stickney
trashexpense:3900
watersewerexpense:4200
5810 87th Street5810 87th Street5810 87th Street5810 87th Street5810 87th Street5810 87th Street5810 87th Street

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Started in 1991, Infiniti Properties Inc. was mainly a property management company - buying and managing over 100 units all over the southern suburbs of Chicago. With the addition of our newest office in Chicago, Infiniti Properties Inc. now has 3 locations to best serve your needs. Our other offices are located in Orland Park and Homewood Illinois. Managing Broker Mark McGee and a staff of over 180 agents, are experienced and ready to help you purchase or sell your next property.

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(708) 206-3000
Info@InfinitiProperties.net
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Nicole Lambros
(708) 935-2252
(708) 687-0200
nicole.lambros@preferredrate.com
15341 S. 94th Ave., Suite 101 Orland Park, IL 60462 Branch License Number 1988316
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